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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net income $ 454 $ 528
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 197 210
Deferred income taxes (10) (2)
Provision for uncollectible accounts 13 7
Accrued interest on affiliate note 0 28
Changes in current assets and liabilities:    
Accounts receivable (42) 15
Accounts payable 6 (33)
Accrued income and other taxes 27 22
Other current assets and liabilities, net (34) (56)
Changes in other noncurrent assets and liabilities, net (4) (5)
Changes in affiliate obligations, net (16) (29)
Other, net 5 2
Net cash provided by operating activities 596 687
INVESTING ACTIVITIES    
Capital expenditures (196) (144)
Changes in advances to affiliates (402) (482)
Proceeds from sale of property, plant and equipment and other assets 0 1
Net cash used in investing activities (598) (625)
FINANCING ACTIVITIES    
Payments of long-term debt (2) 0
Changes in advances from affiliates 0 (55)
Net cash used in financing activities (2) (55)
Net (decrease) increase in cash, cash equivalents and restricted cash (4) 7
Cash, cash equivalents and restricted cash at beginning of period 10 4
Cash, cash equivalents and restricted cash at end of period 6 11
Supplemental cash flow information:    
Income taxes paid, net (161) (178)
Interest paid, including affiliate interest (net of capitalized interest of $10 and $6) (30) (31)
Cash, cash equivalents and restricted cash:    
Cash and cash equivalents 4 9
Restricted cash - noncurrent 2 2
Total $ 6 $ 11